EigenLayer’s Token Launch Draws Scrutiny Over Supply Concerns

EigenLayer’s Token Launch Draws Scrutiny Over Supply Concerns

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Source: Coindesk.com

EigenLayer his been hit by criticism after it was revealed that staking rewards received by early investors are not restricted by token lock-ups. The situation echoes Celestia's token launch, which was followed by a 75% plunge as investors could sell staking rewards. The EIGEN token initially rose to $4.39 and has since slumped by more

Read More https://www.coindesk.com/business/2024/10/02/eigenlayers-token-launch-draws-scrutiny-over-supply-concerns/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "EigenLayer's Token Launch Draws Scrutiny Over Supply Concerns" appeared first here Coindesk.com.

Source: Coindesk.com

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